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'We need to get these driverless cars onto public roads'

Under new measures announced today, fleets of driverless cars are expected to be introduced to the UK roads in "less than six months".

The Government plans to adapt road regulations, which requires changes to the Highway Code, to allow companies to start running trials of cars that do not need a human driver.

ITV News Correspondent Ben Chapman spoke to future transport engineer, Tim Edwards, as he was taken for a drive in one of the new satellite controlled vehicles.

"What we need to do now is get these cars onto public roads so they are immersed in the really complicated day-to-day drive that we'll experience," Mr Edwards said.

Watch: Google shares video of man testing driverless car

Driverless cars will be on UK roads in 'under 6 months'

Business Secretary Vince Cable has announced today that new measures would see "fleets" of driverless cars take to Britain's roads "in less than six months”.

The Business Secretary said driverless cars would be on the roads in
The Business Secretary said driverless cars would be on the roads in Credit: PA

The Government plans to adapt road regulations, which requires changes to the Highway Code, to allow companies to start running trials of cars that do not need a human driver.

Cable said the satellite controlled vehicles are putting the nation "at the forefront of transformational technology" and believes the UK has the "potential to be a world leader in this field".

We will have vehicles which will have automatic parking, we can have automatic breaking which can reduce the risk of tailgating and things of that kind, so these features will gradually be built in.

The key point is that British satellite technology is now pretty advanced, we are now one of the leading countries in the world, and the British car manufacturing industry is very successful.

– Mr Cable

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Google shares video of man testing driverless car

The government will announce new measures today which will see driverless cars on the streets of Britain in 2015.

Google has shared a video of the moment Steve Mahan became one of the first users to test the new self-driving car.

The footage follows Steve as he drives around- without touching the steering wheel.

Google posted the video with the message:

Steve’s outing is more than just a carefully programmed test drive, it’s the realization of a science fiction dream and an opportunity for technology to impact the lives of millions of people.

We hope these experiments unlock new possibilities for our users—even if it's something as simple as picking up tacos

– Google

Google announced the project in 2010 in a bid to make driving "safer, more enjoyable, and more efficient".

Read: Former Stig: Best computer in a car 'is the human'

Bank of England plan to 'claw back bankers' bonuses'

Misbehaving bankers could be forced to repay bonuses from previous years under plans set to be unveiled by the Bank of England, according to the BBC.

Bankers in London's financial hub could have to repay bonuses from previous years.
Bankers in London's financial hub could have to repay bonuses from previous years. Credit: Chris Radburn for Glasgow 2014

It could mean bonuses paid out as long as seven years ago being returned, even if they were paid in shares and have already been cashed and spent.

The BoE had already warned in March that bankers could face clawbacks for "misbehaviour", including if their bank registered big losses.

Reports at the time suggested bonuses from up to six years ago would be at risk, though that appears to have been extended to seven years.

Another previous suggestion had been to cancel promised bonuses, but the Bank's position appears to have hardened.

Read: Bank bosses to face shareholder fury

Government to announce driverless car trials by 2015

The government will announce new measures today which will see driverless cars on the streets of Britain in 2015.

Business Secretary Vince Cable will later confirm that the first trials of the self-driving vehicles will start in January next year.

This car is controlled from a computer in its boot.
This car is controlled from a computer in its boot. Credit: Oxford University

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Enterprise means 'prosperity and economic security'

More business and enterprise means "prosperity and economic security for us all", according to David Cameron

In a major speech on the economy to be given alter today, the PM is expected to say:

As part of our long-term economic plan we are backing business and ensuring our budding entrepreneurs get the finance and support they need to kick-start and grow their businesses.

Business and enterprise mean more jobs for hard working people; more opportunities for people to break out on their own and be their own boss; and more prosperity and economic security for us all.

– David Cameron

Balls accuses Conservatives of cutting taxes for the rich

Ed Balls will criticise the Conservatives for cutting taxes "at the top" and doing nothing to help those on low incomes increase their wealth.

In a speech given in Bedford, Mr Balls will say:

We know the Tories' real economic plan - it's to cut taxes at the top and hope that wealth will just trickle down.

Having already cut taxes for millionaires in this Parliament, they're champing at the bit to do it again if they win the election - cutting the top rate of tax for people earning over £150,000 again from 45p to 40p. Another tax cut worth £3 billion for the richest 1% of our country.

– Ed Balls

Cameron and Balls set out visions on economy

David Cameron and Ed Balls will both set out what they want to see from the economy in separate speeches later today.

Read: Osborne hails 'milestone' as GDP hits pre-2008 levels

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The IMF has raised its forecast for the economy twice in 2014. Credit: PA

The Prime Minister will announce a £100 million cash injection into the "Business Bank", where the Government provides loans to entrepreneurs looking to start their own business.

The Conservative party leader will also claim the Government has reached a significant milestone by awarding the 20,000th loan to an entrepreneur.

However, Labour's Ed Balls will hit out at the drop in real-terms wages and criticise the Government for failing to act.

The Shadow Chancellor is expected to say average earnings having fallen by £1,600 in real terms since 2010, the current parliament will be the first since the 1920s when real earnings will be lower at the end than they were at the beginning.

Read: Ed Balls pledges to keep low corporation tax rate

Justice minister: No 'unfettered right' to search deletion

Responding to the peers' report, justice minister Simon Hughes said:

The Government wants to protect privacy rights and freedom of speech while taking action to bolster economic growth.

Our greatest challenge is getting that balance right, and we welcome the support of the Lords for our position in negotiating new European data protection legislation.

I agree that it is neither accurate nor helpful to say that the recent judgment of the European Court of Justice has given a right to be forgotten. We need to be clear that the judgment does not give individuals an unfettered right to have their personal data deleted from search engine results.

– Simon Hughes MP
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